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BP Chairman Ousted Amid Governance Crisis

BP Chairman Ousted Amid Governance Crisis

Published 1 week, 3 days ago
Description

BP just dumped its chairman, Albert Manifold, after barely eight months — citing governance and conduct issues, though details remain hush. This comes amid a CEO shake-up and a stock plunge of nearly 9%, fueling a leadership crisis. Manifold, dubbed “shouty” by some, was brought in to turbocharge BP’s transformation — but the board, blindsided by his style, voted unanimously to oust him. Interim chair Ian Tyler is now steering the ship while BP scrambles to find a permanent replacement, amid investor skepticism and a boardroom under fire.

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